Inventory Markets Keep Losses as US ISM Misses Expectations

US Dollar Evaluation & Information

  • ISM Headline Beats, Employment Index Slows Barely
  • FX Muted as Cross-JPY Holds Losses

ISM Headline Misses, Costs Paid Stays Elevated

US ISM Non-Manufacturing PMI for December rose to 62, lacking estimates of 66.9. In the meantime, the sub-components have been softer throughout the board with the brand new orders index right down to 61.5 from 69.7, costs paid ticked larger with a transfer to 82.5 vs 82.three beforehand. Elsewhere, the employment index fell to 54.9 from 56.5, which is noteworthy given the looming NFP report, notably within the context of a slight beat within the ISM manufacturing PMI employment index and a stellar ADP jobs report. Nonetheless, as has been the case beforehand, the ADP report is a poor predictor for the NFP final result.

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Stock Markets Maintain Losses as US ISM Misses Expectations

DailyFX Calendar

Stock Markets Maintain Losses as US ISM Misses Expectations

Supply: DailyFX

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